02/23/2017 – Gold
April gold:
1. In Wednesdays (February 24) Williams edge live meeting it was noted that any hourly close above $1243 would indicate new long position (or stop and reverse) in April gold for a quick advance to $1260.
2. Subsequently, April gold closed above $1243 on the hour ($1244.10) indicating new long entry. Today (Friday, February 24) April gold completed the $1260 upside profit target (today’s session high, $1261.20, so far). This successfully completes the forecast/trade. Will message any further entry or indication in April gold.
David Williams
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.